10/14/2026
📢 Ontario Nonprofits: Keep an Eye on Proposed Audit-Threshold Changes
Ontario’s proposed regulatory changes under the Not-for-Profit Corporations Act (ONCA) include a potential increase to the audit threshold to $1 million.
What should nonprofit boards do now?
✔️ Monitor updates for a final regulation and confirmed effective date.
✔️ Watch for implementation guidance to understand what the changes could mean for your organization.
✔️ Continue following current requirements until the proposed changes are finalized.
Important: The proposed $1 million threshold is not yet law. Boards should avoid making compliance decisions based on the proposal alone.
Stay informed and be prepared to adapt as Ontario’s regulatory landscape evolves.
🔗 Learn more:
https://www.cccc.org/news_blogs/legal/2026/07/proposed-regulatory-changes-for-ontario-not-for-profits/
https://theonn.ca/wp-content/uploads/2026/07/ONN-Submission-ONCA-Consultation-August-2026.pdf